PC Connection, Inc. (CNXN) Earnings
PC Connection, Inc. is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $1.04. CNXN has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +8.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.62 | $0.77 | +24.2% | $722M | +3.7% |
| Feb 4, 2026 | $0.86 | $0.91 | +5.8% | $703M | -1.0% |
| Oct 29, 2025 | $1.01 | $0.97 | -4.0% | $709M | -3.6% |
| Jul 30, 2025 | $0.91 | $0.97 | +6.6% | $760M | -2.0% |
| Apr 30, 2025 | $0.42 | $0.60 | +42.9% | $701M | +8.5% |
| Feb 5, 2025 | $0.90 | $0.78 | -13.3% | $709M | -1.0% |
| Oct 30, 2024 | $1.00 | $1.02 | +2.0% | $725M | +0.5% |
| Jul 31, 2024 | $0.83 | $0.99 | +19.3% | $736M | +4.7% |
| May 1, 2024 | $0.64 | $0.50 | -21.9% | $632M | -9.0% |
| Feb 14, 2024 | $0.88 | $0.90 | +2.3% | $696M | +3.4% |
| Nov 1, 2023 | $0.81 | $0.97 | +19.8% | $693M | -6.4% |
| Aug 2, 2023 | $0.69 | $0.75 | +8.7% | $734M | -4.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Solid start to 2026 with business solutions and enterprise solution segments showing strong growth. - Gross billings grew 4.3% to $1 billion, total net sales $721.9 million, up 3% year-over-year. - SG&A declined modestly, operating income increased 39.3% to $20.2 million. - Recognized as Dell Technologies Titanium Black Partner, etc. - Focus on data center modernization, digital workplace transformation, supply chain solutions. - Backlog at highest level since mid-2022.
Guidance
- Backlog at highest level since mid-2022 providing positive outlook. - Expect to continue outperforming U.S. IT market by 200 basis points this year. - Some uncertainty in back half of year due to pricing dynamics and memory shortage persistence speculation.
Segment performance
Business Solutions: Net sales increased 6.6% to $275.6 million, gross profit rose 3.2% to $67.5 million, gross billings grew 9.3% to $446 million, gross margin declined 80 basis points to 24.5% due to customer mix shift; Public Sector Solutions: Net sales were $99.8 million, down 31% year-over-year, gross billings $135.7 million, down 21.2% year-over-year, gross margin expanded 140 basis points to 15%; Enterprise Solutions: Net sales increased 16.3% to $346.5 million, gross profit grew 18.7% to $50.2 million, gross billings increased 10.3% to $439.6 million, gross margin 14.5%, up 30 basis points year-over-year
Risks & headwinds
- Supply chain constraints including memory shortages and related price increases. - Timing variability due to supply chain uncertainty may impact business.
Analyst Q&A
Q: Adam Tindall asked about backlog being highest since mid-2022, including if there's double ordering and backlog policies.
A: Tim and Tom responded on no evidence of double orders, non-cancellable POs policy, and pull-in of demand in business solutions and enterprise.
Q: Adam Tindall asked about pricing, unit volumes, PC refresh cycle, and back half of year.
A: Tim discussed price increases, unit counts down, PC refresh continuing, and Tom on backlog rolling out with possible softening.
Q: Anthony Levenziski asked about pricing vs unit volumes in first quarter, PC refresh cycle, and SG&A dynamics.
A: Response on pricing up, unit volumes down, PC refresh continuing through 2026, and SG&A dynamics with lower marketing expenses and headcount down offset by variable comp